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Ancora Holdings could see multiple ways to win in Warner Bros. fight
Cleveland-based activist investor Ancora Holdings Group is making waves in the Warner Bros. Discovery Inc. takeover fight, advocating for a rejection of Netflix’s offer in favor of Paramount Skydance Corp. The firm, known for its strategic activism, seeks “multiple ways to win” in high-profile M&A situations, distinguishing itself through both aggressive public campaigns and behind-the-scenes collaborations. Ancora’s activist fund, Bellator, saw a significant gain in 2025, solidifying its reputation as a top-tier activist firm with $11 billion in assets under management.